The process starts when a customer finishes adding items to their shopping cart, begins the checkout process, and enters and submits online payment information. Usually, this is credit card or debit card information, though your site may support other forms of payment, from Google and Apple Pay to gift cards to other currencies and even cryptocurrency.
When the customer enters and submits payment information, your ecommerce site or platform opens a payment gateway.
2) Encrypted payment details are sent to the processor
With a secure payment gateway bolivia telegram screening opened, the online payment information is now sent to the payment processor — fully secure and encrypted. Your chosen payment gateway (or the one chosen by your payment service provider) handles the technical work here, so you don’t have to.
3) Payments are either authorized or rejected
When the payment processor receives the encrypted payment information, the processor checks to see if the information is valid (in other words, whether the customer has funds or credit to back up the transaction, along with whether the information is correct and intact with no mistakes).
If the information is valid, the processor authorizes the transaction. If there’s a problem with the information (ranging from a typo to missing funds or even fraud concerns), the processor denies or rejects the online payment.